The Worldwide Synthetic Dyes Industry is Projected to Reach $8.7 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Synthetic Dyes Market by Type (Acid Dyes, Reactive Dyes, Disperse Dyes, Direct Dyes, Solvent Dyes, Basic Dyes), Application, Form (Liquid, Powder), Structure (Anionic, Cationic, Non-Ionic), End-Use Industry, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global synthetic dyes market size is projected to grow from USD 6.3 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 6.5% between 2022 and 2027.

The market is driven by various factors including growing end-use industries, and low-cost manufacturing in Asia Pacific region. Furthermore, the market is expected to be driven by increasing population and rising industrialization in emerging economies in Asia Pacific, South America, and Middle East & Africa.

Reactive dyes projected to be the fastest growing segment amongst types in the synthetic dyes market

Reactive dyes accounted for the second-largest market share, after disperse dyes, of the overall synthetic dyes market, in 2021. This segment is projected to grow at a high growth rate during the forecast period. Major drivers of this dye type include low cost, better environmental performance, and improved technical properties such as water solubility, excellent wash fastness and brightness of color shades.

Dyeing to account for the highest market share amongst applications in the synthetic dyes market

Based on application, dyeing is projected to account for the highest market share of the synthetic dyes market, during the forecast period. Synthetic dyes are widely used for dyeing/coloring application in the textile industry. The increasing demand of various textile products, especially from the developing economies, will drive the demand of synthetic dyes in dyeing application.

Liquid to hold larger market share amongst forms in the synthetic dyes market

Based on form, synthetic dyes market is segmented into liquid dyes and powder dyes. Liquid dyes accounted for the larger market share than that of powder dyes. Different factors including extended shelf life, and good affinity drives the demand of this segment in the synthetic dyes market.

Non-ionic to be the largest segment amongst structures in the synthetic dyes market

Based on structure, non-ionic dyes account for the highest market share of the synthetic dyes market. Non-ionic structured dyes include several majorly used types of synthetic dyes including disperse dyes and reactive dyes.

Textile to grow at a highest growth rate amongst end-use industries in the synthetic dyes market during the forecast period

Based on end-use industry, textile industry is projected to be the largest and fastest growing industry for this market. The increasing demand for various textile products such as apparels, home textile, and automotive textile will drive the demand of synthetic dyes in the textile industry.

Asia Pacific is projected to be largest and the fastest growing amongst regions in the synthetic dyes market

Asia Pacific is projected to be the fastest growing market for synthetic dyes. The market growth in this region is driven by several factors including rising industrialization and increasing population. Moreover, presence of emerging economies such as China and India further to support the growth of synthetic dyes market in Asia Pacific.

Market Dynamics

Drivers

• Increasing Demand for Synthetic Dyes in Textile Industry
• Growth in End-Use Industries
• Low Cost of Manufacturing in Asia-Pacific
• Cost-Effectiveness of Synthetic Dyes

Restraints

• Stringent Government Regulations Pertaining to Disposal of Effluents
• Volatility in Raw Material Prices

Opportunities

• Rising Population and Rapid Urbanization in Emerging Economies
• Growing Adoption of Biodegradable Materials for Textile Manufacturing
• Increasing Demand for Environmentally Friendly and Sustainable Products

Challenges

• Overcapacity of Dyestuffs

Companies Mentioned

• Archroma
• Atul Ltd.
• Bodal Chemicals Ltd.
• Chromatech
• Cromatos
• Eksoy Chemicals
• Everlight Chemical Industrial Co.
• Heubach GmbH
• Huntsman Corporation
• Jay Chemical Industries Private Limited
• Kemira Oyj
• Keshav Chemicals
• Kiri Industries Ltd.
• Kyung-In Synthetic Corporation
• Lanxess Ag
• Milliken
• Neelikon Food Dyes and Chemicals Ltd.
• Organic Dyes and Pigments LLC
• Pylam Products Company, Inc.
• Sensient Technologies Corporation
• Solenis LLC
• Steiner (Axyntis Group)
• Sumika Chemtex Co., Ltd.
• Synthesia, A.S.
• Zhejiang Jihua Group Co., Ltd.
• Zhejiang Longsheng Group Co., Ltd.
• Zhejiang Runtu Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/zb3j78